Asian Star Anchor Chain Hits Day High with 21.05% Surge

Asian Star Anchor Chain Co., a large-cap player in the automobile industry, has experienced significant movement in its stock today, achieving an intraday high of CNY 13.63. The stock surged by 21.05% on February 24, 2026, contrasting sharply with the China Shanghai Composite, which declined by 1.26% on the same day. Over the past week, Asian Star has shown a robust performance, climbing 24.47%, while the broader market remained relatively flat with a gain of just 0.41%. The company's one-month performance stands at an impressive 26.67%, significantly outpacing the Shanghai Composite's decline of 1.37%. Year-to-date, Asian Star has risen by 32.46%, compared to the composite's modest 2.85% increase. Despite these positive short-term trends, the company faces challenges in management efficiency, reflected in a low Return on Capital Employed (ROCE) of 9.51%. The stock's performance over the past year has yielded a return of 75.64%, while profits have increased by 24.4%. With a market capitalization of CNY 11,887 million and a Price to Earnings (P/E) ratio of 35.00, Asian Star continues to navigate a complex financial landscape.